Current Account in Luxembourg

Luxembourg Current Account (EUR bn) | Economic News & Forecasts

Luxembourg - Current Account (billions of Euros)

Growth appears to have slowed in the first quarter, amid a broad-based deceleration in activity. Average growth in retail sales lost stride compared to the previous quarter, suggesting sluggish spending by households, while subdued construction activity likely weighed on fixed investment. Meanwhile, industrial production grew modestly in Q1, while merchandise exports cooled, amid the wider European slowdown. Turning to the second quarter, sequential data remained somewhat depressed. A fall in business sentiment in April–May points to cooling capital investment, particularly in the manufacturing sector, amid lingering weaknesses in the Eurozone’s major economies. Meanwhile, although average consumer sentiment improved a tad in April–May, unemployment rose in the same period, hinting at only tepid gains in spending in Q2.

Luxembourg - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)2.5  2.6  2.6  2.7  2.8  

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Luxembourg Current Account (EUR bn) Chart

Luxembourg Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Luxembourg and FocusEconomics calculations.

Luxembourg Facts

Exchange Rate1.130.65 %Jul 11
Stock Market6160.19 %Jul 11

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